The Joint Committee of the European Supervisory Authorities has published final draft regulatory technical standards (RTS) on risk concentration and intra-group transactions under Article 21a(1a) of the Financial Conglomerates Directive (FICOD).
The final draft RTS aim to:
- ensure a consistent application of Articles 2, 7, 8 and Annex II of the FICOD;
- provide for coordination of factors which coordinators and other relevant competent authorities should take into account when identifying types of significant risk concentration;
- define appropriate thresholds and set periods for reporting of risk concentration and intra-group transactions; and
- provide that coordinators and other relevant competent authorities should require regulated entities or mixed financial holding companies to report certain minimum information.